AUDUSD Expected Growth! BUY!
My dear followers,
I analysed this chart on AUDUSD and concluded the following:
The market is trading on 0.6558 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6615
Safe Stop Loss - 0.6523
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
AUDUSD
Analysis of AUD/USD: Exchange Rate Falls to Early May LowAnalysis of AUD/USD: Exchange Rate Falls to Early May Low
As indicated by the 4-hour AUD/USD chart today:
→ the rate fell below 0.652, a level last seen on May 2;
→ the RSI indicator dropped below 15, a level last seen during the panic over the spread of COVID-19 in spring 2020.
The weakening of the Australian dollar could be linked to participants' expectations of upcoming news:
→ the US Core PCE Price Index will be published today at 15:30 GMT+3;
→ next week, Australian inflation data and the Federal Reserve's interest rate decision (both events scheduled for Wednesday) will be released.
Is further decline in the AUD/USD rate possible?
It is possible that the release of significant news could trigger a surge in volatility, causing the AUD/USD rate to fall below the recent monthly low of 0.652.
However, technical analysis of the AUD/USD chart suggests a potential recovery scenario:
→ The sequence of local extremes in the first half of 2024 forms a structure resembling a narrowing triangle. It appears the central axis is around 0.0665, and the bounce from low B indicates support from the Support 1 line.
→ Therefore, it is reasonable to assume that, in the context of increased volatility in the forex market, the AUD/USD rate has significantly deviated from the average values around 0.0665. At current quotes, some participants might want to lock in profits from short positions and/or position themselves for a short-term recovery of the "Aussie" from the oversold zone, following a 4% drop from A to B in 10 days.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
US Core PCE Price Index Analysis25th July
DXY: Consolidating between 104.20 and 104.40 Needs to break 104.60 to retest 104.80 (0.2% on Core PCE)
NZDUSD: Look for reaction at 0.5865,
Sell 0.5855 SL 20 TP 75
AUDUSD: Sell 0.6566 SL 20 TP 70
USDJPY: Buy 154.65 SL 50 TP 100
GBPUSD: Buy 1.2880 SL 25 TP 65
EURUSD: Sell 1.0830 SL 20 TP 75 (Hesitation at 1.0810)
USDCHF: Look for reaction at 0.8840 (Depends on DXY volatility)
USDCAD: Middle of support & resistance level
Gold: DXY strength, XAUUSD break 2365 to trade down to 2350
AUD/USD squeeze risk growing?With tentative signs of stablisation in commodity futures and US equity index futures pushing higher in early Asian trade, the prospects for some form of squeeze higher in AUD/USD appear to be growing.
You can see just how violent the selloff has been over the past two weeks, leaving it oversold on RSI (14) for the first time since August 2023. But the modest reversal on Thursday after breaking the 61.8% Fib retracement of the April-July low-high is about the closest thing to a bullish signal we’ve seen for the AUD/USD in a while.
It’s tempting to go long with a stop below the fib level for protection, but it would be nice to see RSI break its downtrend first to provide confidence that the bearish price momentum is ebbing.
Given the acute focus on China, the reaction to the PBOC’s CNY fix in FX markets, and opening of Chinese stock futures, may provide a strong tell on where the near-term path of least resistance lies. If they open firmer, it may increase the probability of AUD/USD upside.
AUD/USD a proxy for risk appetite
The chart also shows the rolling 10-day correlation between AUD/USD with COMEX copper in orange, crude oil in black, S&P 500 in green and Nasdaq 100 futures in blue. Every single correlation sits north of 0.8 with three of the four hovering around 0.9 or higher. The higher the score, the greater the relationship between the two variables.
Taking a step back, the strong correlations suggest AUD/USD is being used as proxy for risk sentiment, a role it has often played previously when we’ve seen boarder risk-on-risk-off moves in markets. That means if we see even a modest improvement in risk appetite, as seen on Thursday when the latest batch of US economic data suggested premonitions of an imminent recession may be misplaced, the AUD/USD could find buyers.
The price action in commodity futures is another potential sign that the worst of the rout is over, at least for the moment.
AUD-USD Will Keep Falling! Sell!
Hello,Traders!
AUD-USD is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 0.6580 then made
A local pullback and is now
Going down again so we are
Bearish biased and we will
Be expecting a further
Move down
Sell!
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AUDUSD I Two scenarios to consider Welcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURAUD - Monster Move Hey traders,
EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves:
Wave A= 3 waves
Wave B =3 waves
Wave C = 5 waves
Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which indicates price is going to reverse soon.
LONG Setup:
- Watch break of 4H 50 EMA for entry
- Stoploss : Below 0.382 fib
- Targets: 1.70 ( 900 pips ) and 1.78 ( 1700 pips )
Check 4H chart for entry
Goodluck and trade safe!
Levels discussed on Livestream 25th July 25th July
DXY: Consolidating between 104.20 and 104.40, Break 104.40 could retest 104.60 and 104.80 (GDP Pending). If 104.20 broken, price could retest 104 round number support.
NZDUSD: Sell 0.5905 SL 20 TP 40
AUDUSD: Sell 0.6530 SL 20 TP 65
USDJPY: WATCH 152 SUPPORT LEVEL
Sell 151.70 SL 30 TP 90
GBPUSD: Sell 1.2850 SL 25 TP 70
EURUSD: Buy 1.0855 SL 20 TP 60 (on DXY weakness)
USDCHF: Trading lower, look for reaction at 0.8750 for rebound
USDCAD: Buy 1.3850 SL 20 TP 45
Gold: Look for reaction at 2385 resistance level, rejection could trade down to 2365
Falling towards the pullback support, could it bounce from here?The Aussie (AUD/USD) is falling towards the pivot and could bounce to the 1st resistance level which is a pullback resistance.
Pivot: 0.6561
1st Support: 0.6520
1st Resistance: 0.6623
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AUDUSD bullish stocks and potential upsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66400 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66400 support and resistance area.
Trade safe, Joe.
Aussie H4 | Bearish momentum intactThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6622 which is a pullback resistance.
Stop loss is at 0.6656 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.6578 which is a swing-low support that sits above the 127.2% Fibonacci extension level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDUSD Is Very Bullish! Long!
Here is our detailed technical review for AUDUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.662.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.664 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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AUD/USD SHORT FROM RESISTANCE
Hello,Friends!
AUD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.671 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the AUD/USD pair.
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Levels discussed during Livestream 23rd July23rd July
DXY: Ranging between 104.20 and 104.40, if price breaks 104.50, Inverted Head and Shoulder, could retest 104.80
NZDUSD: Sell 0.5970 SL 20 TP 50
AUDUSD: Sell 0.6615 SL 15 TP 35
USDJPY: Sell 156.10 SL 30 TP 60
GBPUSD: Bearish Flag: Sell 1.2890 SL 25 TP 110 (Hesitation at 1.2860)
EURUSD: Sell 1.0865 SL 20 TP 55
USDCHF: Buy 0.8925 SL 25 TP 75
USDCAD: Buy 1.3790 SL 20 TP 50
Gold: Could retrace higher to 2410, wait for retracement to complete, needs to break 2380 to trade down to 2350
AUDUSD M15 I Bullish Bounce Based on the M15 chart analysis, we can see that the price has just bounced off our buy entry at 0.6634, which is a multi-swing low support.
Our take profit will be at 0.6659, which is a pullback resistance level close to 38.2% Fibo retracement.
The stop loss will be placed at 0.6620, which is a multi-swing low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDUSD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The instrument tests an important psychological level 0.6639
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6691
Recommended Stop Loss - 0.6610
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
BULL WILL TAKE OVER AUD/USDI’d expect the US dollar to break down as stock market bulls rush to put their greenbacks to work.
Instead, the US Dollar Index TVC:DXY is holding steady. Dollar-yen is refusing to roll over.
And risk-on commodity currencies – the Australian, Canadian, and New Zealand dollars – are failing to trigger buy signals.
Stock market bulls don’t seem to care about the lack of risk-on signals from global currencies.
As long as that’s the case, neither should we.
But can you imagine how US equities will respond if the dollar finally takes a dive?
AUDUSD, Time for SELL ?Hello traders, hope you doing great.
for upcoming week, I think we'll probably see a downtrend in AUDUSD to specified Level. so with a proper trigger, we can open a short position.
and finally tell me what do you think? UP or DOWN? leave your comment below .
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